What are the measures to reduce …
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Yogita Ingle 6 years, 5 months ago
When the revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as revenue deficit.
Revenue Deficit = Revenue Expenditure – Revenue Receipts
Two measures to reduced revenue deficit are :
- Government should reduce its unproductive or unnecessary expenditure.
- Government should increase its receipts from various sources of tax and non-tax revenue.
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